Genting’s Lim family, CEO snap up company’s shares


Since its 4Q results Genting’s share price have fallen to Covid-19 levels or close to a 10-year low.

PETALING JAYA: Maybank Investment Bank (Maybank IB) Research says it expects Genting Bhd’s share price to see a re-rating, given several near-term catalysts.

The research house said in a report that “Genting’s Lim family and chief executive officer Tan Kong Han buying shares at valuations near all-time lows gives us the confidence that the share price could have fully discounted all possible positives”.

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